Mississippi Administrative Code
Title 27 - Personnel
Part 210 - PERS, Regulations for Retirement Plans Administered by the Board of Trustees
Chapter 30 - Minimum Monthly Retirement Allowance
Section 27-210-30-101 - Minimum retirement allowance for any person who became a member before July 1, 2011 1. Minimum retirement allowance from May 6, 1958 to June 30, 1971
Current through September 24, 2024
Members of PERS who were eligible for any amount of monthly service retirement benefits prior to passage of H.B. 904, Laws of 1958, on May 6, 1958, and who had not retired prior to that date, may retire after that date with the $10 per month minimum provided that they were 65 or over at the time of termination of their employment. Members who were not eligible for any monthly service retirement benefits whatsoever on or before May 6, 1958, and who withdrew from service prior to that date are not eligible for the $10 per month minimum benefits unless their termination of employment had been made at the close of the 1958 school year which might have occurred prior to May 6, 1958.
2. Minimum retirement allowance from July 1, 1971, to June 30, 1973
Effective July 1, 1971, the minimum monthly retirement allowance under the maximum option was two dollars ($2) per year of service.
3. Minimum retirement allowance from July 1, 1973, to June 30, 1980
Effective July 1, 1973, the minimum monthly retirement allowance under the maximum option was three dollars ($3) per year of service.
4. Minimum retirement allowance from July 1, 1980, to June 30, 1985
Effective July 1, 1980, the minimum monthly retirement allowance under the maximum option was five dollars ($5) per year of service.
5. Minimum retirement allowance from July 1, 1985, to June 30, 1987
Effective July 1, 1985, the minimum monthly retirement allowance under the maximum option was seven dollars and fifty cents ($7.50) per year of service.
6. Minimum retirement allowance from and after July 1, 1987
Effective July 1, 1987, the minimum monthly retirement allowance under the maximum option is ten dollars ($10) per year of service or as otherwise provided in Miss. Code Ann. § 25-11-111(d)(3)(1972, as amended).
